What is the estimated value of the global Needle Coke Market?

The global market for Needle Coke was estimated to be valued at US$ XX Mn in 2021. Read More

What is the expected growth rate of the global Needle Coke Market during the forecast period?

The global Needle Coke Market is estimated to grow at a CAGR of XX% by 2028. Read More

What are the key industry segments covered in the report?

The global Needle Coke Market is segmented on the basis of Product Type, Application, Region. Read More

On the basis of region, how is the global Needle Coke Market segmented?

Based on region, the global Needle Coke Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Read More

Who are the key players competing in the global Needle Coke Market?

The key players operating in the global Needle Coke Market are Phillips 66, C-Chem, Seadrift Coke, JXTG Holdings, Sumitomo Corporation, Mitsubishi Chemical, Indian Oil Company, Shanxi Hongte Coal Chemical, Fangda Carbon, Shanxi Jinzhou Group, CNPC Jinzhou Petrochemical, Shandong Yida New Material, Sinosteel. Read More

Global Needle Coke Market Size, Share, Growth Analysis, By Grade (Super-Premium, Intermediate Grade), By Application (Electrode, Carbon Black), By Region -Industry Forecast 2025-2032

Report ID: SQMIG15E2558 | Region: Global | Published Date: December, 2024
Pages: 193 | Tables: 65 | Figures: 66

Needle Coke Market Competitive Landscape

Top Player’s Company Profiles

Phillips 66

Asbury Carbon Inc.

Seadrift Coke L.P.

Sumitomo Chemical Company

Mitsubishi Chemical Corp.

JXTG Nippon Oil & Energy Corp.

Indian Oil Corporation Limited

Graftech International

Sojitz Ject Corp.

C-Chem Co., Ltd.

Baosteel Group

Recent Development

In May 2023, Imam Khomeini Shazand Oil Refinery announced that it had reached 85% completion for its pilot project to produce needle coke at the facility. The refinery signed a contract with RIPI, a research and development arm of the Oil Ministry around 2 years prior to improve self-sufficiency for needle coke.

Needle Coke Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Needle Coke Market size was valued at USD 4.45 Billion in 2023 and is poised to grow from USD 4.92 Billion in 2024 to USD 10.84 Billion by 2032, growing at a CAGR of 10.4% during the forecast period (2025-2032).

Launching new needle coke production and processing plants is projected to be the prime focus of all needle coke providers going forward. Incorporation of sustainable practices and technologies is also expected to present new opportunities for needle coke companies in the long run. Targeting industries where demand for carbon-based products is high could boost revenue generation for needle coke suppliers going forward. 'Phillips 66', 'Asbury Carbon Inc.', 'Seadrift Coke L.P.', 'Sumitomo Chemical Company', 'Mitsubishi Chemical Corp.', 'JXTG Nippon Oil & Energy Corp.', 'Indian Oil Corporation Limited', 'Graftech International', 'Sojitz Ject Corp.', 'C-Chem Co., Ltd.', 'Baosteel Group'

Rapidly increasing demand for lithium-ion and other types of batteries owing to rising electrification of multiple industry verticals are expected to uplift the sales of needle coke in the future. Needle coke is a crucial raw material used in the production of graphite anodes and electrodes used in these batteries.

Emphasis on Rising Electric Vehicle Sales: Needle coke companies can focus on collaborating with battery companies to take advantage of the rapidly increasing popularity and sales of electric vehicles. Growing demand for lithium-ion batteries and the use of needle coke for anodes and cathodes of the same are expected to present new opportunities for needle coke suppliers in the future.

The Asia-Pacific region is estimated to account for a prominent share of the global needle coke market. Surging steel production and growing use of multiple carbon black-based products are projected to be key factors aiding the dominance of this region. India, China, and Japan are slated to be the top countries for needle coke suppliers in the Asia Pacific owing to rapid urbanization and industrialization. Surging production of electric vehicles and growing demand for battery manufacturing are also expected to offer new business scope for needle coke providers operating in this region across the study period and beyond.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Needle Coke Market Size, Share, Growth Analysis, By Grade (Super-Premium, Intermediate Grade), By Application (Electrode, Carbon Black), By Region -Industry Forecast 2025-2032

Needle Coke Market Competitive Landscape

Needle Coke Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Needle Coke Market?

Who are the key vendors in the Needle Coke Market?

What is the key driver of Needle Coke Market?

What is the key market trend for Needle Coke Market?

Which region accounted for the largest share in Needle Coke Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300